Are you one of the many people who have worked at several companies during your working life? Maybe you worked for company X for say, 10 years. Were laid off, when to work for company Y and worked there for 7 years. You then found a better job and have worked for company Z for the last 20 years and are now thinking of retiring. Do you know if you have retirement benefits from companies X and Y?
The Social Security maintains a database courtesy of the Internal Revenue Service that identifies individuals who have qualified for pension benefits under private retirement plans. When you first file for Social Security benefits, the agency will match your name against the database and notify you if you appear to be eligible to collect a pension from an earlier job.
Good stuff to know during these retirement times…….
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